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However, not all technology is created equal and at a time when operational excellence is critical and legal leaders need to thoughtfully invest in in-house legal technology, a legal workspace has proven to be the best way to increase efficiency, deliver better legal service and amplify business outcomes. What is a legal workspace?
Tauranga, 26 February 2025 LawVu, the leading legal workspace for in-house legal teams, has reaffirmed its commitment to transforming legal spendmanagement and e-billing with significant new investments and innovations. Discover how LawVu can transform your legal operations at www.lawvu.com.
Where will you focus your technology spending in the next months? So we asked our experts: What do you think small law firms should (or should not) be spending their technology dollars on in 2022? So we asked our experts: What do you think small law firms should (or should not) be spending their technology dollars on in 2022?
A document management system (DMS) isn’t just where firms store and organize documents — it’s where work happens. Replace Inflexible, Generic Document Management Tools With a Best-in-Class, Cloud-Based Solution That Inspires Your Best Work. Additionally, workspaces are designed around your matters and projects.
Firms dont need to rely on manual management and analysis of digital data. For litigation attorneys, this digital deluge offers both opportunities and challenges: a wealth of evidence at your fingertips, but an overwhelming amount to manage. Better electronic evidence management. Its all in there, they say.
Despite trends that point toward moving a steady majority of their legal budgets towards internal legal resources, corporate legal spend on outside counsel is still significant. According to the ACC Law Department Management Benchmarking Report, the median outside spend on outside counsel and ALSPs is $1.8
Read on, and I’ll show you how to appear more professional with a few essential workspace tips, then introduce applications that will improve your Zoomiverse by streamlining call scheduling, automating video enhancement, and transcribing meetings, so your ideas are always preserved. 5 Steps to Get Ready for Your Close-up. iGlasses.
This article is our take on key insights from the report, while exploring the unique ways in which the LawVu unified legal workspace is positioned to meet the needs of corporate legal teams. Legal teams prioritize this suite of tools because of its essential role in managing a long-standing and still key workflow.
What is legal matter management software and why is it important? By using a centralized system which is designed to manage legal matters faster and more strategically, legal teams can save time, reduce risks, be a better partner to the business and produce better business outcomes. What is legal matter management software?
More accurately described as a function than a dedicated role, legal ops encompasses the people, processes and technologies involved in managing the operational, rather than purely legal, side of an in-house legal department. 31% spend three hours per day or more searching through emails and spreadsheets.
Expectations include managing increasingly higher volumes of complex legal matters, and with excessive workloads cited as the top challenge facing legal teams in 2024 , it’s apparent that the problem is growing. In other words, poor matter management has become a genuine concern. What is legal matter management?
The majority of law firms use just five or fewer unique software products, according to a legal industry study published today by the law practice management company Smokeball. Document management, 47%. Practice management or case management, 34%. Google Workspace, 13%. Reputation management, 10%.
Effective matter management is critical for in-house counsel. After all, managing the daily flow of legal requests is the bread and butter of any legal function. “Matter management” is a common term in the lexicon of corporate legal – but there tends to be some ambiguity in the language we use to define it.
Although the concept of a traditional office is no more, we all require a dedicated workspace to get things done. If you are having trouble staying productive while working from home, then chances are that you need to set up a home workspace that inspires productivity. Getting started with your home workspace.
Nowadays there are lots of tools and product features touted for the purpose — whether video, chat, shared workspaces, digital conferencing or the like. s innovative claims and risk management initiative. Even for the smallest firms, effective collaboration is critical. For more, see the Sensei group’s tips below!).
Whether you are struggling with managing ADD/ADHD symptoms or wearing them as a badge of honor, here are helpful strategies to keep in mind. Time-tracking apps let you automatically track how much time you are spending on each task. This can be a great strength if that hyper-focus in directed at important work-related tasks.
If so, then the two most important tools in a law practice may just be the calendar and the document management system. Through the calendar, the lawyer manages time, and through documents the lawyer dispenses and memorializes advice. In practice, this means that users can: Manage matter calendars from NetDocuments, Outlook or Teams.
Theres a wealth of information sitting beneath your legal teams everyday workflows, from the key clauses in your contracts to the numbers that make up your legal spend. Theres a lot of potential power behind this data but only when its captured and stored in a way that makes it easy to access, manage and understand.
It is difficult for one person to manage all operations simultaneously, respond to customers, and solve minor issues on his own. A virtual assistant allows you to improve performance while spending less money. Social network management. It takes a long time to manage them all.
Recent data show that 75% of legal professionals spend more than 20 hours each week on non-client-facing billable work other than meeting or representing clients in court. This workflow improvement enables lawyers to easily track and manage the progress of accelerated agreements by speeding through form fills, signature requests, and more.
It is now imperative for legal leaders to operate at the same or higher levels of sophistication in leadership, management, and operations as our peers on the business leadership team. There are also integrated enterprise legal management (ELM) products, which do all or some of the above in one platform. This is no longer the case.
When your work schedule intrudes into your personal time – the time you are meant to spend with family and friends – we tend to lose balance and in a worst-case scenario, we hardly distinguish the feelings we have towards work and towards our own time. Consider these tips for setting up your home workspace.
The e-discovery company Onna said today that its entire solution is now available to purchase directly through Google Cloud Marketplace , making it the first e-discovery product to be available there, other than Google’s own Vault, which can be used only with data from Google Workspace.
Read on to learn the basics of legal spendmanagement – and the benefits to your business of getting it right. Legal spend is front of mind for many in-house legal departments. Why is legal spendmanagement so important? Where do in-house legal teams spend their money?
That’s why, for good reasons – which we dive into next, we’ve compiled a list of the ways your matter management approach could be creating inefficiencies and how to overcome them, so your legal function can fast-track saving time and delivering more value to the business. Are any of these scenarios familiar to you?
Some of the key services the LOTC provide include technology selection support, maturity assessments, legal spend analysis, implementation and post implementation optimization, and holistic end-to-end legal transformation. We look forward to a successful partnership and the exciting possibilities it brings.”
Legal teams implement spendmanagement and e-billing solutions to centralize their invoices and legal spend data in one place. Ultimately this speeds up workflows and creates critical visibility over spend data, helping teams report on and control costs for the work they do with outside counsel/legal service providers (LSPs).
Legal teams implement spendmanagement and e-billing solutions to centralize their invoices and legal spend data in one place. Ultimately this speeds up workflows and creates critical visibility over spend data, helping teams report on and control costs for the work they do with outside counsel/legal service providers (LSPs).
The LawVu legal workspace is a unified platform for managing matters, contracts and spend all in one place, and now, with the Q1 2024 product update, it’s even more powerful. Let’s take a closer look at these new features and how they’re amplifying the value of the legal workspace.
We’re working in a world where legal matter management tools aren’t an option for legal functions, they’re a must. And that’s a problem if you’re either struggling to convey the value of a matter management software or the options available don’t stack up to the ever-growing demands of your legal function.
Here are three easy ways to cut your legal spend down to size. In the face of an uncertain economic global landscape, tackling legal spend has never been more vital for in-house legal teams – whatever their size. There’s no doubt that software is one of the most efficient tools for managing legal spend.
Here are three easy ways to cut your legal spend down to size. In the face of an uncertain economic global landscape, tackling legal spend has never been more vital for in-house legal teams – whatever their size. There’s no doubt that software is one of the most efficient tools for managing legal spend.
Handling corporate functions such as entity management, board management and matter management can be complicated and time-consuming. “Wrapping these functions in a suite of modern digital collaboration and project management tools will drive both dramatic gains in efficiency and substantial reductions in cost.”
Contract lifecycle management is a central component of the in-house legal function, and a key point of convergence between legal and the wider business. However, with an integrated workspace solution , a quantifiable measure of the true value of your contracts could be right at your fingertips.
From cost efficiency to risk management, you can tell a lot about an organization from the way it manages its contracts – from manual processes, point solutions and ELMs at one end of the spectrum to consolidated workspaces at the other.
Even better, consolidated data collected in an intuitive, easy to use format, amplifies the value of the legal workspace and makes it easier than ever to generate reports and access actionable insights across matters, contracts, spend and admin. “I We made a number of significant improvements to the legal workspace this year.
LawVu: Accelerating the world’s legal work to amplify business impact LawVu, the first truly connected legal workspace, revolutionizes the way that in-house legal teams work. The workspace has a friendly, intuitive user interface which makes it easy to get up to speed quickly, and is designed to scale with the needs of individual teams.
Many in-house legal teams start their technology innovation journey by implementing a Contract Lifecycle Management (CLM) solution. It is only by managing matters effectively that legal can ensure that the wheels of the business continue to turn smoothly, avoiding costly and damaging outcomes.
83 percent of in-house legal leaders surveyed report that manual administrative tasks prevent them from focusing on strategic work, and 53 percent of corresponding business leaders agree that their own teams are wasting too much time managing legal requests.
BlackBoiler now integrates with LawVu, so you can redline NDAs and contracts in minutes, without leaving your legal workspace. Effective contract lifecycle management is critical for in-houselegal teams. Some of our customers are spending up to an hour reviewing each third party NDA.
You get into work, switch everything on, and right off the bat there’s an inbox full of company memos, check-ins from your line manager, updates from colleagues, reminders for meeting after meeting after meeting…. Slack is pretty popular these days, so I’m not going to spend loads of time on its basic features. I hate email.
Book a custom demo of the LawVu Legal Workspace here. In fact, 66 percent of respondents to the 2024 In-house Legal Technology Report say they spend more than an hour a day compiling assets needed for reporting, with 30 percent spending three or more hours a day on this work. And that’s just for starters.
And, maybe you’ve also got tabs open for your HR management system , your recruitment software, your reporting platform, your payroll service, your employee engagement tool, and…well, the list could go on and on and on. How Sue manages her HR tasks with Process Street’s Slack App. Am I right? Let’s get cracking.
However, finding the right workflow management platform to meet the specific needs of your team can be complicated due to the number of products available on the market. What benefits can workflow management software provide you? Start making the most of your workflow management system today! Let’s dive in! Process Street.
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